US stocks rose on Monday, February 10, driven by gains in metal manufacturers ahead of President Donald Trump’s announcement of additional steel and aluminum tariffs. The S&P 500 gained 0.7%, with the Dow up 0.4% and the Nasdaq closing 1.0% higher.
Super Micro Computer shares surged 17.6%, driven by anticipation of a business update on Tuesday, which could shed light on the company’s delayed annual filing. Rockwell Automation’s stock rose 12.6% after posting better-than-expected profits for its fiscal first quarter. Western Digital gained 7.1% as analysts reaffirmed their overweight rating.
However, not all stocks fared well. ON Semiconductor’s shares tumbled 8.2% after the power chip manufacturer missed quarterly sales and profit estimates. Incyte’s adjusted profits fell short of expectations, leading to a 7.9% decline in its shares. Deckers Outdoor slipped 3.9%, despite Citi analysts upgrading its stock last week. The new trading week will bring more quarterly earnings reports, including Coca-Cola and McDonald’s, as well as the release of Consumer Price Index (CPI) data on Wednesday.
Source: https://www.investopedia.com/s-and-p-500-gains-and-losses-today-supermicro-stock-surges-ahead-of-business-update-8789192